Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
You Get Tariffs, You Get Tariffs, You Get Tariffs…
Donald Trump's the Oprah of trade levies.
"You get tariffs, you get tariffs, you get tariffs, every
“households are already wary of tariff-related price hikes.”
I had a conversation with the beer manager at a local store. I expressed worry about the impact of tariffs on beers imported from Europe. He answered “You’re not alone. We have many customers stockpiling imports before they hit.”
No surprise, but then I asked if US producers would raise prices to match import price hikes, he looked around and said “well, that’s what some sales reps are telling us.”
So we get a inventory build followed by an inventory drain. If the inventory in question is held at consumers, an inventory drain is hard to distinguish from falling demand.
H-Man, there was an article (which escapes me as I type) that talked about the tariffs on steel and aluminum would basically hit a lot of other countries, including Mexico and Canada, but not China so much.
Did you read this article? The one you’re commenting on? Something tells me you didn’t. Or else you just skimmed it.
In 4 yrs, if Americans who voted for Trump are not economically better off- then with hindsight, this next 4 yrs. will be just a temporary blip. So far, things are moving in the wrong direction (as far as improving the economic situation for the majority of American voters).
“We’ll see what happens!”
Will most Americans who voted for Trump be able to objectively assess being economically better off in 4 yrs? The majority of his voters believe what they want to believe regardless of the truth.
Priceless.
+1
“I know windmills very much. They’re noisy. They kill the birds.”
“They say the noise causes cancer.”
“I’ve studied it better than anybody I know.”
a very stable genius